Kick-Ass Double-Digit March Home Sales Increases: Phoenix (+16%), Miami (+43%), Seattle (+52%)
1. Phoenix March Home Sales - In March a total of 9,626 new and resale houses and condos sold in the Phoenix metropolitan area, up 41.1 percent from the month before and up 16.0 percent from a year earlier. Buyers paid a median $135,000 last month for all new and resale houses and condos sold in the Phoenix metro area, up 3.9 percent from $129,000 a year ago, the first year-over-year price increase since January 2007.
2. Miami March Home Sales - In March, 8,658 new and resale houses and condos closed escrow in the Miami metro area, up 43.3 percent from February and up 43.1 percent from March 2009. March marked the 13th consecutive month in which the region's overall sales rose on a year-over-year basis. The 4,312 condos that resold in March marked a 45.2 percent increase from February and a 62.1 percent gain from March 2009. It was the highest number of condo resales for that month since March 2006, when 4,406 condos resold. The median price paid for all homes sold rose insignificantly from February and fell 11.3 percent below the year-ago level, marking the smallest annual decline in 22 months.
3. Seattle March Home Sales - A total of 3,939 new and resale houses and condos sold during March in the Seattle metro area, the highest for that month since 2007, and an increase of 55.0 percent from February and 52.0 percent from March 2009. Total sales have risen on a year-over-year basis for nine consecutive months. The median sale price for homes sold in March logged the smallest annual price decline in nearly two years.